Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
Chancellor Friedrich Merz and Finance Minister Lars Klingbeil announced the “growth booster” package on Wednesday. It includes tax breaks for businesses and a planned cut to corporate tax rates — from 15% to 10% — gradually starting in 2028.
The centerpiece is a generous tax write-off for companies investing in machinery and equipment over the next three years. Additional incentives will support the purchase of electric vehicles and private-sector research through mid-2027.
“We’re making Germany more competitive,” Klingbeil said, as the country tries to spark growth in an economy expected to stagnate this year.
The measures still need approval from parliament.
The new package is separate from a €500 billion fund already passed by lawmakers to modernize infrastructure across Germany over the next 12 years. Formal legislation for that fund is expected later this month.
Iranian authorities say about 2,000 people have been killed during more than two weeks of nationwide anti-government protests, marking the first time ...
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer deliv...
Business and political leaders are gathering in Davos for the World Economic Forum’s annual meeting as uncertainty over the global economic and poli...
Venezuelan Interior Minister Diosdado Cabello said on Tuesday that authorities seized 6,850 kilograms of drugs in the southern state of Bolívar as pa...
Greenlanders voiced support for diplomacy ahead of high-level talks in Washington on Wednesday, following renewed threats by U.S. President Donald Tru...
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer delivered more planes during the year.
Business and political leaders are gathering in Davos for the World Economic Forum’s annual meeting as uncertainty over the global economic and political order deepens, with U.S. President Donald Trump’s policies challenging long-standing international norms.
Venezuelan Interior Minister Diosdado Cabello said on Tuesday that authorities seized 6,850 kilograms of drugs in the southern state of Bolívar as part of an anti-narcotics operation earlier this month.
Greenlanders voiced support for diplomacy ahead of high-level talks in Washington on Wednesday, following renewed threats by U.S. President Donald Trump to take control of the Arctic territory.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
Israel has sharply escalated its warnings to Lebanon amid rising regional tensions linked to Iran, according to a report by the Lebanese newspaper Nida Al Watan.
Iranian authorities have taken steps to disrupt access to Starlink satellite internet, according to users and digital-rights groups, in what appears to be the latest effort to tighten control over people’s access to the internet inside the country.
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence and widespread communication shutdowns across the country.
The United Nations’ top court at The Hague has begun hearings on whether Myanmar committed genocide against the Rohingya ethnic minority. Gambia told judges on Monday that Myanmar targeted minority Muslim Rohingya for destruction and made their lives a nightmare in a landmark case.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
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